Locations
United States · Lagos, Nigeria · Wilmington, DE, USA · Lagos, Nigeria · Wilmington, MA, USA · Wilmington, OH, USA · Wilmington, IL, USA · Delaware City, DE, USA · wilmington, vt, usa · Wilmington, VA, USA · Wilmington, IN, USA
industry
Information Technology
Size
11-50 employees
Stage
Seed
founded in
2019
Capsa Technology Inc. is a fintech company focused on streamlining and bridging the financial woes of SMEs in Africa. Starting in Nigeria, they have built a platform that gives businesses a smarter path to cash at cheap rates within 48 hours, called 'getcapsa.com.' Getcapsa.com is an invoice factoring solution that helps businesses turn unpaid invoices into working capital and avoid bad debt that cripples their businesses. Factoring, a recognized global financial practice, is the act of selling a business’s receivables to a third party, known as a factor. The need for Nigerian SMEs to have easy access to cash supports the necessity of getcapsa.com, as it is a short-term resort to financing these businesses. Getcapsa offers SMEs with quality receivables (from blue-chip companies) the following: • Eliminates the 30-120 day wait period businesses take to pay their outstanding invoices - reduced days sales outstanding (DSO) • Faster access to funds for enhanced working capital
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